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The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
Persistent link: https://www.econbiz.de/10010489986
This paper analyses the structural developments underlying the evolution of public finances in Germany after …In diesem Aufsatz wird die strukturelle Entwicklung der öffentlichen Finanzen in Deutschland nach der Qualifikation zur …
Persistent link: https://www.econbiz.de/10010492277
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Haushaltspolitik. Eine Zerlegung der Entwicklung der Staatsverschuldung seit dem Jahr 2010 zeigt, dass der Schuldenabbau in Deutschland …" noch der Vorwurf, Deutschland sei nur auf Haushaltsdisziplin "versessen", wirklich zutreffend. Die Entwicklungen in den … Konsolidierung bei gleichzeitig hohem Wirtschaftswachstum - also einem sog. "expansionary fiscal adjustment" – stellt Deutschland …
Persistent link: https://www.econbiz.de/10012155258
Every initiative that potentially increases the effectiveness of monetary policy is welcome. The European Union’s Capital Markets Union (CMU) project is potentially a point in case, even though monetary policy is not a policy target of CMU. Increasingly developed capital markets in the EU are...
Persistent link: https://www.econbiz.de/10012051175
Die Eurozone hat sich langsamer von der Finanzkrise erholt als die USA. Dies gilt insbesondere für die …
Persistent link: https://www.econbiz.de/10012051211
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Persistent link: https://www.econbiz.de/10003353770
The theme of this contribution is how Europe will evolve over the next decade. The key message is that over this decade Europe will be busy digesting the 12 members that joined in 2004 and 2007. Digesting in the context means that the new members will only gradually be incorporated and...
Persistent link: https://www.econbiz.de/10010489987
The aim of this paper is to investigate how the birth of a central fiscal authority or the creation of a fiscal transfer mechanism could improve the action of fiscal policy in terms of stabilization in the EMU. In particular, the paper examines the theoretical reasons to support this conclusion...
Persistent link: https://www.econbiz.de/10010491575